Following this ongoing contention, it's now being reported that Broadcom is interested in acquiring Qualcomm for more than $100 billion.

At $70 per share, Broadcom would pay over $100 billion to acquire Qualcomm.

Bloomberg initially reported this news on Friday, November 3, and should the deal go through, Broadcom would purchase Qualcomm at around $70 per share with a deal that includes both cash and stock options. Broadcom will reportedly make Qualcomm the offer within the coming days, but at this time, no final decision has been made.

Most of our readers are probably familiar with Qualcomm and know that the company's modems are used in just about every smartphone on the market, but what about Broadcom? Just like Qualcomm is the largest manufacturer of mobile modems for data connections, Broadcom is the largest manufacturer for mobile Wi-Fi chipsets.

Both Broadcom and Qualcomm declined to comment on this when asked about it, but should this deal actually go through, we'd be looking at the largest takeover for a chip-maker that the world's ever seen. This has potential to be huge, so we'll keep an ear to the ground over the next few days and see if anything comes of this.